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Toronto housing market may need Vancouver-style cooling

Tuesday, February 28, 2017 - 05:50

The average home price in Toronto jumped 22% in Jan from the previous year, the fifth straight month of gains topping 20%.


TORONTO may require measures to cool its red-hot housing market similar to moves taken in Vancouver if interest rates don't increase, said Royal Bank of Canada chief executive officer David McKay.

The head of Canada's largest lender said that Toronto housing is "running hot

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